Market Size of China Maize Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 3.10 % |
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China Maize Market Analysis
The China Maize Market is projected to register a CAGR of 3.1% over the forecast period.
- Corn, also known as maize, is a cereal grain that is one of the most widely grown crops in the world. It is cultivated in almost every part of the world and is a major staple food. It may be in the form of sweet corn, flour corn, flint corn, or dent corn, and also it comes in many colors, viz, yellow corn, white corn, blue corn, and purple corn. Maize is widely used as fuel and fodder for animals. It constitutes fiber, vitamins, carbohydrates, protein, magnesium, potassium, and minerals. In addition to these nutrients, corn also contains anti-oxidants, including lutein and zeaxanthin, which are important for eye health. Maize lowers cholesterol levels, reduces the risk of heart diseases, prevents digestive problems, prevents anemia, and promotes human growth.
- According to the Food and Agriculture Organization (FAO), China's maize production contributed 260.8 million metric tons in the year 2020, which increased by 272.7 million metric tons in 2021. Many maize varieties are coming up with trait resistance capabilities in farmland to mitigate pest and disease infestations. This led to good results for three high-yielding Chinese varieties - Guidan 162, Jinyu No.8, and Xianyu 335 - all sold to farmers by the center. The seeds are relatively resistant to drought conditions and are ready for harvest within 80 to 84 days.
- China is one of the biggest maize producers and consumers in the Asia-Pacific. Maize production in China has increased by 125% in the last two decades. Maize is the major crop in place of rice in China. This enormous growth results from the rapid growth in meat consumption among the Chinese. In China, the maize crop is mostly used in animal feed for meat production.
- China is one of the largest animal feed producers in the world. Around 60% of the total maize production in China is utilized for animal feed, and only 10% is used for human food and seeds. However, the recent outbreak of African swine fever (ASF) in pigs and coronavirus has undermined corn feed usage and hit the livestock sector hardest in the region.
